The request for proposal will require a developer to design, build and finance the two residential buildings, as well as a commercial and civic building in between that will house retail and restaurant businesses, a business innovation incubation space and offices for the state’s library system and Friends of the Library, which currently occupies a building on the site, Ching said.

The HCDA likely would choose a developer by the end of 2012, and construction of the two residential towers, considered the second phase of the project after the Halekauwila rentals, likely would start in 2015 or 2016 with completion in the summer of 2019, Ching said.

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